Golden Tag Announces $2.0M Non-Brokered Private Placement
NEWS RELEASE
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Golden Tag Announces $2.0M Non-Brokered Private Placement
Toronto, Ontario, January 20, 2022 : Golden Tag Resources Ltd. (“Golden Tag” or the
"Company") (TSX.V: GOG) (OTCQB: GTAGF) is pleased to announce its intention to complete a
non-brokered private placement pursuant to which it will sell up to 8,000,000 Units (each, a “Unit”)
at a price of C$0.25 per Unit to raise aggregate proceeds of up to $2,000,000 (the “Offering”). The
Company reserves the right to increase the size of the Offering, subject to the approval of the TSX
Venture Exchange (the “Exchange”).
Each Unit will consist of one common share in the capital of the Company (“Common Share”) and
one-half of one Common Share purchase warrant (each, a “Warrant”). Each whole Warrant will
entitle the holder thereof to acquire one Common Share at a price of C$0. 40 for 24 months
following the closing of the Offering. The Warrants will contain an acceleration provision whereby
if the closing price of the Common Shares on the Exchange is $0.70 or more for 10 consecutive
trading days the Company will have the right to accelerate the expiry date of the Warrants.
In connection with the Offering, the Company may pay finders’ fees in cash or securities, or a
combination of both, as permitted by the policies of the Exchange.
The securities issued and issuable pursuant to the Offering will be subject to a four month and one
day hold period. The Company intends to use the net proceeds of the Offering to fund
advancement of the Company’s 100% owned San Diego Project, in Durango Mexico, and for
working capital and general corporate purposes. The Offering is subject to certain conditions
including, but not limited to, the completion of documentation and the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange and applicable securities
regulatory authorities.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended
(the “U.S. Securities Act”), or applicable state securities laws, and may not be offered or sold to
persons in the United States absent registration or an exemption from such registration
requirements. This press release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
About Golden Tag Resources
Golden Tag Resources Ltd. is a junior exploration company exploring for high- grade silver
deposits. The Company holds a 100% interest, subject to a 2% NSR, in the San Diego property in
Durango State, Mexico. The San Diego property is located within the prolific Velardeña Mining
District, the site of several mines having produced silver, zinc, lead, and gold over the past century.
For more information regarding the San Diego property please visit our website at
www.goldentag.ca.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: 416-504-2024
www.goldentag.ca
Cautionary Statement:
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this news release. Certain
statements in this news release are forward- looking and involve a number of risks and
uncertainties. Such forward- looking statements are within the meaning of the phrase ‘forward-
looking information’ in the Canadian Securities Administrators’ National Instrument 51- 102 –
Continuous Disclosure Obligations. Forward- looking statements are not comprised of historical
facts. Forward-looking statements include estimates and statements that describe the Company’s
future plans, objectives or goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking statements may be identified by such
terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”.
Since forward- looking statements are based on assumptions and address fut ure events and
conditions, by their very nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Company, the Company provides
no assurance that actual results will meet management ’s expectations. Risks, uncertainties and
other factors involved with forward- looking information could cause actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by
such forward-looking information. Forward-looking information in this news release includes, but
is not limited to, statements regarding the anticipated completion of the Offering, the amounts
expected to be raised in the Offering, the use of proceeds, and the advancement of the Company’s
San Diego Project. Factors that could cause actual results to differ materially from such forward-
looking information include, but are not limited to: the ability to predict and counteract the effects
of COVID-19 on the business of the Company, including but not limited to the effects of COVID-
19 on the price of commodities, capital market conditions, restriction on labour and international
travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral
resources to reserves; the inability to complete a feasibility study which recommends a production
decision; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain
required governmental, environmental or other project approvals; political risks; changes in equity
markets; uncertainties relating to the availability and costs of financing needed in the future; the
inability of the Company to budget and manage its liquidity in light of the failure to obtain additional
financing; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the
development of projects; capital, operating and reclamation costs varying significantly from
estimates and the other risks involved in the mineral exploration and development industry; and
those risks set out in the Company’s public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the forward-looking information in this
news release are reasonable, undue reliance should not be placed on such information, which
only applies as of the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new information, future
events or otherwise, other than as required by law. No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information contained herein.